UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form 6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2018. |
Commission File
Number 001-33621 |
ALEXCO RESOURCE
CORP.
(Translation
of registrant's name into English)
Suite 1225,
Two Bentall Centre
555 Burrard
Street, Box 216
Vancouver,
BC V7X 1M9 Canada
(Address of principal executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
SUBMITTED
HEREWITH
SIGNATURES
Pursuant to
the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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ALEXCO RESOURCE CORP. |
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(Registrant) |
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By: |
/s/ Mike Clark |
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Date: June 18,
2018 |
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Mike Clark
Chief Financial Officer |
Exhibit 99.1
Alexco Expands Environmental Business
in Canada with Acquisition of Contango Strategies Ltd.
VANCOUVER, June 18, 2018 /CNW/ - Alexco
Resource Corp. (NYSE American: AXU) (TSX: AXR) ("Alexco" or the "Company") is pleased to announce that
its wholly owned subsidiary, Alexco Environmental Group Holdings Inc. ("AEG"), has acquired Contango Strategies Ltd.
("Contango"), a private company based in Saskatoon, Saskatchewan, for consideration of $1,388,000 comprising $971,600
in cash and 237,999 common shares of Alexco at a deemed value of $416,400. The common shares were valued at $1.75 per
share using a 20 day volume weighted average price per share. Payment will be in two tranches with $1,018,000 (comprising $601,600
in cash paid on closing and $416,400 in Alexco common shares to be issued upon receipt of all requisite regulatory approvals) and
the remaining $370,000 cash payment to be made on the first anniversary of the transaction closing. The acquisition includes
all of Contango's operations including $450,000 in working capital, property, plant and equipment at an estimated value of $330,000
and 20 full-time staff.
Contango specializes in biological (passive,
semi-passive and active) water treatment systems for mining, oil and gas, and industrial operations. Contango operates a year-round
environmentally controlled pilot-scale facility, which allows for the development, testing and optimization of technologies such
as bioreactors and constructed treatment wetlands. Additionally, genetic profiling using Contango's in-house DNA sequencing facility
and microbiology laboratories can detect and identify microbes for applications including bioreactor optimization, corrosion and
fouling correction, and environmental remediation.
Jim Harrington, President of AEG commented, "With
the addition of Contango's advanced technology and research facilities it will enable AEG to continue to be leaders in the sector
and at the forefront of applied environmental science, especially in mining related industrial applications. The Contango team
will not only expand our capacity and bring with it a strong client base but it will enable AEG to provide a much broader and diversified
service to the industry."
Clynt Nauman, CEO and Chairman of Alexco added, "We
are very pleased to welcome Dr. Simair, Dr. Friesen and the rest of the Contango team to Alexco and look forward to them being
important contributors to the overall growth of AEG. This compelling transaction delivers immediate value to shareholders with
annual revenue expected to be in excess of $2.5 million but more importantly, I believe this type of science and technology is
the future of environmental remediation and provides AEG with important additional tools to tackle complex environmental issues
for our many clients. This transaction is the next step in growing our environmental business and should be viewed as our commitment
to see AEG reach its full potential."
Monique Simair, President and Founder of Contango
commented, "We are excited to join the Alexco team and look forward to expanding the range of services offered to our clients.
This transaction enables us to contribute Contango's unique technologies and services to a broader client base and provides, under
one banner, a full breadth of water treatment capabilities. Our laboratories and pilot-scale testing facilities will complement
AEG's expertise in the construction and operation of water treatment systems and turn-key environmental site management and remediation."
About Dr. Monique Simair, PhD, RPBio, PBiol,
EP
Dr. Simair holds a PhD in applied microbiology
and post-doctoral research associateship in environmental microbiology and biogeochemistry. Dr. Simair's expertise in bioremediation
and passive/semi-passive water treatment has focused on the mining sector and industrial sites, spanning from conceptual design,
to technical and public regulatory hearings, through to implementation and long-term closure. Dr. Simair has worked on passive,
semi-passive, and biological water treatment systems such as constructed wetlands, bioreactors, and in-situ treatment for mines
across North America and some overseas locations. Since founding Contango in 2010, she has grown the company into a thriving water
treatment firm with laboratories and dedicated pilot facilities. As a result, she has been named one of Canada's future entrepreneurial
leaders by Profit Magazine (2011) and added to its W100 list of Canada's top female entrepreneurs (2015).
About Dr. Vanessa Friesen, PhD, EP
Dr. Friesen holds a PhD in applied microbiology
and biochemistry and is a Partner and Principal Scientist at Contango. Dr. Friesen has extensive background in scientific
design and testing of biological treatment systems and is regarded by industry as a leading scientist in the discipline of biological
treatment of selenium. Dr. Friesen has coordinated the designs and testing for passive and semi-passive water treatment systems
and provided specialist support for bioreactor performance monitoring and correction, optimization and enhanced control. Dr. Friesen
has led Contango's internal technology development team for six years, guiding Contango to becoming the first independent company
in North America to provide contract genomic microbial profiling for the environmental and water treatment sectors, and maintaining
Contango at the forefront of this sector.
About Alexco
Alexco Resource Corp. holds the historical
high grade Keno Hill Silver District located in Canada's Yukon Territory. Employing a unique business model, Alexco also provides
mine-related environmental services, remediation technologies and reclamation and mine closure services to both government and
industry clients through the Alexco Environmental Group, its wholly-owned environmental services division.
Please visit the Alexco website at www.alexcoresource.com
Some statements ("forward-looking statements")
in this news release contain forward-looking information concerning Alexco's anticipated results and developments in Alexco's operations
in future periods, planned exploration and development of its properties, plans related to its business and other matters that
may occur in the future, made as of the date of this news. Forward-looking statements may include, but are not limited to, statements
with respect to the future remediation and reclamation activities, future mineral exploration, the estimation of mineral reserves
and mineral resources, the realization of mineral reserve and mineral resource estimates, future mine construction and development
activities, future mine operation and production, the timing of activities and reports, the amount of estimated revenues and expenses,
the success of exploration activities, permitting time lines, requirements for additional capital and sources and uses of funds.
Forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors which could cause
actual events or results to differ from those expressed or implied by the forward-looking statements. Such factors include, among
others, risks related to regulatory approval of the proposed issuance of shares pursuant to the transaction; actual results and
timing of exploration and development activities; actual results and timing of mining activities; actual results and timing of
environmental services activities; actual results and timing of remediation and reclamation activities; conclusions of economic
evaluations; changes in project parameters as plans continue to be refined; future prices of silver, gold, lead, zinc and other
commodities; possible variations in mineable resources, grade or recovery rates; failure of plant, equipment or processes to operate
as anticipated; accidents, labour disputes and other risks of the mining industry; First Nation rights and title; continued capitalization
and commercial viability; global economic conditions; competition; and delays in obtaining governmental approvals or financing
or in the completion of development activities. Forward-looking statements are based on certain assumptions that management believes
are reasonable at the time they are made. In making the forward-looking statements included in this news release, Alexco has applied
several material assumptions, including, but not limited to, the assumption that all requisite regulatory approvals will be received
in a timely manner, that Alexco will be able to raise additional capital as necessary, that the proposed exploration and development
will proceed as planned, and that market fundamentals will result in sustained silver, gold, lead and zinc demand and prices. There
can be no assurance that forward-looking statements will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements. Alexco expressly disclaims any intention or obligation to update or revise
any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required
by applicable securities legislation.
View original content:http://www.prnewswire.com/news-releases/alexco-expands-environmental-business-in-canada-with-acquisition-of-contango-strategies-ltd-300667369.html
SOURCE Alexco Resource Corp.
View original content: http://www.newswire.ca/en/releases/archive/June2018/18/c2278.html
%CIK: 0001364128
For further information: Clynton R. Nauman, Executive Chairman
and Chief Executive Officer; Jim Harrington, President, Alexco Environmental Group; Lisa May, Director of Investor Relations; Phone:
(778) 945-6577, Email: lmay@alexcoresource.com
CO: Alexco Resource Corp.
CNW 06:00e 18-JUN-18
This regulatory filing also includes additional resources:
ex991.pdf
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